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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2411 Richcreek Rd Leander, TX 78645

    • Retail space
    • 2,400 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3337327
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2411 Richcreek Rd

    Year built
    1968
    Construction
    CONCRETE
    Lot size
    0.22 lot acres
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    236050119
    APU
    236050119

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $185,000
      Market price range: $87.2k - $364k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $225,000
      Current use
      COMMERCIAL (GENERAL)
      $365,000
      Change: +62% Conversion: Easy
      AUTO REPAIR, GARAGE
      $340,000
      Change: +51% Conversion: Difficult
      OFFICE BUILDING
      $335,000
      Change: +48% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Leander
    County
    Travis
    State
    Texas
    Longitude
    -97.7351
    Latitude
    30.3506
    CBSA code
    12420
    CBSA name
    AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $483,000
    $145,246
    $628,246
    -
    $483,000
    $145,246
    $628,246

    Comparable in this City

    • Value Estimation
      $210,000
      2,624 SF

      18626 Fm 1431

      RETAIL STORES (PERSONAL SERVICES) • 2,624 SF
      18626 Fm 1431, Jonestown, TX 78645-3410
      View Details
    • Value Estimation
      $255,000
      2,596 SF

      18645 Fm 1431

      RETAIL STORES (PERSONAL SERVICES) • 2,596 SF
      18645 Fm 1431, Jonestown, TX 78645-3400
      View Details
    • Value Estimation by Request
      66,296 SF

      Lago Vista, TX 78645

      Restaurants • 66,296 SF
      Lago Vista, TX 78645
      View Details
    • Value Estimation
      $310,000
      5,730 SF

      7401 Lohmans Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,730 SF
      7401 Lohmans Frd Rd, Lago Vista, TX 78645-4758
      View Details
    • Value Estimation
      $320,000
      9,016 SF

      8017 Bronco Ln

      RETAIL STORES (PERSONAL SERVICES) • 9,016 SF
      8017 Bronco Ln, Lago Vista, TX 78645-4528
      View Details
    • Value Estimation
      $315,000
      3,360 SF

      18638 Fm 1431

      CONVENIENCE STORE • 3,360 SF
      18638 Fm 1431, Jonestown, TX 78645-3410
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      66,296 SF

      Lago Vista Village Shopping Center

      Prime Retail Center in Lago Vista, TX
      20900 Farm To Market Rd 1431, Lago Vista, TX 78645
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    • $634,900
      6,192 SF

      Jonestown, TX Self Storage Facility

      24-Unit Storage, High-Growth Potential
      Jonestown, TX 78645
      View Details
    • $59,000

      Land Parcel in Lago Vista

      Land with utilities near Lake Travis and city amenities.
      20805 Bonanza St, Leander, TX 78645
      View Details
    • $35,000

      Land for Sale

      Land available for purchase.
      8205 Cactus Bnd Cv, Lago Vista, TX 78645
      View Details
    • Contact for pricing

      Land for Sale in Lago

      Land available in Lago Vista, Texas.
      20601 Oxbow Trl, Lago Vista, TX 78645
      View Details
    • $39,000

      Lago Vista Land For Sale

      Land available in Lago Vista, Texas for $39,000.
      20607 Branding Iron, Lago Vista, TX 78645
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    Similar Nearby for Lease

    • Contact for pricing
      66,296 SF

      Lago Vista Village: Prime Office Space

      Texas Office & Retail Opportunity: Multiple Suites Available
      Lago Vista, TX 78645
      View Details
    • $1,350 /Mo

      Retail Space in Lago Vista

      1250 sq ft retail/office space with great visibility.
      6015 Lohman Frd Rd, Lago Vista, TX 78645
      View Details
    • Contact for pricing

      20811 Dawn Dr Lago Vis # TX 78645

      20811 Dawn Dr Lago Vista, TX 78645
      20811 Dawn Dr Lago Vis # TX 78645, Lago Vista, TX 78645
      View Details
    • Contact for pricing
      14,610 SF

      Lago Vista Office Space for Lease

      14,610 sq ft Office Building, Ample Parking
      20811 Dawn Dr, Lago Vista, TX 78645
      View Details
    • $2,100 /Mo
      1,215 SF

      Furnished Condo with Lake Views

      Updated, furnished condo in gated community with resort-style amenities.
      3404 American Dr, Leander, TX 78645
      View Details
    • $650 /Mo

      Updated Office Space For Rent

      Updated private office spaces available for rent in Lago Vista.
      6400 Lohman Frd Rd, Lago Vista, TX 78645
      View Details
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    2411 Richcreek Rd
    Leander, TX 78645
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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